We study the role of institutional environment in shaping firms' accounting choices as banking sector conditions worsen and their subsequent effect on the use of equity financing as an alternative source of financing (the “spare tire” effect). Using a sample of firms from five European...

This book focuses on the alternative techniques and data leveraged for credit risk, describing and analysing the array of methodological approaches for the usage of techniques and/or alternative data for regulatory and managerial rating models. During the last decade the increase in...